December 24, 2024 01:32 GMT
MNI: PBOC Sets Yuan Parity Higher At 7.1876 Tues; -2.11% Y/Y
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1876 on Tuesday, compared with 7.1870 set on Monday. The fixing was estimated at 7.2993 by Bloomberg survey today.
USD-CNY | EUR-CNY | JPY-CNY | |
Today's Fixing | 7.1876 | 7.5235 | 4.6171 |
Prev. Fixing | 7.1870 | 7.5315 | 4.6287 |
Prev. Official Close | 7.2988 | -- | -- |
% Chg Y/Y | -2.11 | +3.89 | +8.27 |
% Chg Since Jan. 1 | -2.83 | +3.96 | +8.89 |
% Chg Since July '05 | +15.14 | -- | -- |
The PBOC started setting daily central parity rates on Jan 4, 2007.
On July 21, 2005, China switched to a managed-float formula against a basket of currencies, weakening the yuan's peg to the dollar
Since March 17, 2014, the yuan has been allowed to move 2% in a range on either side of the daily fixing against the dollar.
Keep reading...Show less
107 words